Woman confident with her financial future

Digital Banking Financial Wellness Tools

February 14, 2023
by Team SESLOC

Manage your finances with SESLOC Financial Wellness Tools in Digital Banking — located right on your accounts dashboard.

Activate your Financial Wellness Tools by selecting the Financial Health Checkup, Spend Forecast, or Spending Analysis widgets, or Connect a Financial Institution under your accounts list and follow the prompts to opt in — it’s that easy.  Now you’re ready to use all the features available:

Connect a Financial Institution

You can import information from non-SESLOC accounts to see your entire financial picture in one place. You can link investments, bank accounts, credit cards, and even bills. Simply select the financial institution, enter your site credentials, and view your account details.

Get Your Credit Score¹

Monitor your credit score with daily updates of your TransUnion VantageScore 3.0, powered by SavvyMoney, Inc. Simply select See Your Score and accept the Terms & Conditions to authorize soft credit pull that will not affect your score. After you opt-in, you can get insights into your how your score is calculated, view a summary of your credit report, and use the score simulator to see how different actions might impact your score. You can also set a credit score goal, which will give you recommendations for how to achieve your target.  Please note that the information used here is for educational purposes only and that a different credit scoring model may be used when applying for credit.

Checkup on Your Financial Health

Now there are two ways to monitor your overall financial health through Online Banking:

Financial Checkup

Financial Checkup Starting November 15, 2023, SavvyMoney offers the new Financial Checkup tool, accessible from the Your Credit Score module. It measures how secure and in control you feel about your financial situation. You’ll take a short assessment to get your FinHealth Score® of your overall financial well-being, and then get personalized guidance for improving debt-to-income ratios, budget breakdown, and tips for reducing spending.

 

 

Financial Health Checkup

Financial Health Checkup The Financial Health Checkup module on your Online Banking Dashboard offers a quick snapshot of your financial picture. Financial Health Checkup will assess your spending, debt, credit score, planning ahead and savings to establish a score for your financial wellbeing. As you learn from the tips and suggestions offered, and make decisions that improve your financial wellbeing your score is dynamically updated.

 

Spend Forecast


A machine learning model will automatically calculate your forecasted spending and income obligations dynamically, and will provide ongoing projected balance so you know how much money you will have in the future. The application will provide updates directly to your dashboard so you can adjust your spending based on how much money you will have available.

Spending Analysis

Your transactions will be automatically categorized using machine learning models to accurately organize your spending. You can further refine your Spending Analysis by adjusting categories and editing transaction names. The resulting analysis is displayed in a graphical format for easy consumption and the application will provide trending analysis comparing the displayed time span with the previous period.

Plus, we offer tools for tracking your savings, monitoring your credit score, and more:

Savings Goal

Select Create a Savings Goal to track your progress towards your different goals, like saving for a new car down payment or your summer vacation. Enter the target account, what you’re saving for, how much you need to save, and the target date you need it saved by. After you confirm, a new widget tracking your progress and allowing you to make a transfer at the click of a button will appear on your dashboard. Simply click on that widget to edit or delete it.

Account Rewards² at a Glance

See your SESLOC Rewards points at a glance.

Level Up³ at a Glance

View your Level Up status and see how your points add up. With Level Up, the more points you have the more money-saving benefits you get.

 

1. The credit score provided is intended to help you understand the factors that affect your credit score, and ways you may be able to save money with SESLOC Federal Credit Union loan products. It is not used for loan approval purposes, or for determining loan rates. Loan rates and approvals are based on information provided to the credit union when you apply for a loan. The credit score found in the credit report may be different than the credit score you see here. The offers presented are not offers to lend. Terms and conditions and offers are subject to change at any time.
2. SESLOC Rewards program Terms and Conditions can be found at seslocrewards.org The SESLOC Rewards program (“Program”) is a service provided by SESLOC Federal Credit Union (“Sponsor”) and managed by ampliFI Loyalty Solutions, LLC (“Administrator”). Participation in the Program is exclusive to those who have a current HomeFREE Checking™ debit card or a SESLOC Visa Signature® Rewards credit card issued by the Sponsor. There is no pre-registration required. By making eligible transactions with a HomeFREE Checking account debit card and the SESLOC Visa Signature Rewards credit card, the cardholder is accepting the terms and conditions of the Program. See seslocrewards.org for Program terms and conditions. You retain the option to utilize these services as long as you are a HomeFREE Checking or SESLOC Visa Signature Rewards cardholder, subject to terms and conditions. Sponsor and Administrator reserves the right to modify, expand, discontinue, or retire any part of the program at any time.
3. The Level Up Member Benefits Program (“Program”) is provided by SESLOC Federal Credit Union (“Credit Union”). The Program is available to select consumer memberships, for which the primary consumer member is eighteen (18) years in age or older and is a member in good standing with the Credit Union. The Program is automatically available to an eligible consumer membership. Please visit www.sesloc.org, Online Banking or any branch for the Level Up Member Benefits Program Disclosure (“Disclosure”) for more information regarding the terms and conditions of the Program. Certain restrictions and other limitations apply. By establishing or maintaining an eligible consumer membership you are accepting the terms and conditions of the Program. If you prefer not to participate in the Program you may opt-out, see the Disclosure for more details. The Program terms, conditions and benefits may be amended at the sole discretion of the Credit Union and are subject to change without notice, except where required by law.